Dell Technologies Inc. (NYSE:DELL) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 32,440 shares of the technology company’s stock after purchasing an additional 1,142 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Dell Technologies were worth $3,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Accordant Advisory Group Inc acquired a new stake in Dell Technologies in the 2nd quarter valued at $28,000. Clean Yield Group acquired a new stake in shares of Dell Technologies during the third quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the second quarter worth about $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies in the second quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $30,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 3.5 %

Shares of Dell Technologies stock opened at $138.69 on Friday. The business has a fifty day simple moving average of $125.25 and a 200-day simple moving average of $126.76. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a market cap of $97.41 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the company earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Buying and Selling

In other news, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 in the last three months. 46.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).